Swiss central bank believes retail CBDCs could destabilize financial system

Mike Dalton

Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version. Jordan argued that the current financial market offers a wide selection of efficient and innovative payment methods through the private sector, rendering a […]

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Swiss central bank believes retail CBDCs could destabilize financial system